Giovi6969

Bitcoin: reversal went too high to go below 3k

Giovi6969 Updated   
BITSTAMP:BTCUSD   Bitcoin

But bear in mind this type of parabolic move right after a market bottom increases the risk to create a brutal drop, to maybe the high 6k-7k area, which of course would be great buy opportunities.
Standard news are probably about to tell the random individual that Bitcoin broke above 10k, which could add some random Joe fomo to this institutionnal buying.
This would be the perfect timing for Algos to dump on the random sucker who is here for the quick money, then to pump it back again.
These random quick buck buyers are the ones who are susceptible to quickly sell, as much as they quickly bought. They generally end up beeing destroyed by the algos.
Anyway, we have now to say goodbye to the 3k area, almost impossible to be reached anymore. Bitcoin moved too high.
This structure is already targetting long term 100k and furthermore.
Insanity starting in 3,2,1,...
Comment:
I forgot to add to this "below 3k almost not possible", that in less than a year, the Btc rewards per block will be cut in half.
Comment:
Alts starting to take off
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